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in the defense sector and the head of a defense contractor who will feel that pain joins us next along with former vermont governor howard dean who argues maybe going over the fiscal cliff will be the best thing for the nation. >>> later, we have the former chairman of the council of economic advisers under president bush. he's going to join us as well as laura tyson, the former head of the cea under president clinton. we're going to get their take on the cliff and today's jobs number. >>> also, tough week for apple shares. is now the time to load up? stick around for the apple trade in the back half of this hour. stay tuned. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> one of my next guests thinks that going over the fiscal cliff would be a good thing for wall street. the other says defense cuts would pose an unacceptable risk to the economy, national se
? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right
. >> it really is an incredible day today. >> important social issues. >> the defense of marriage act. >> on the table for the supreme court. >> will the court be ahead of where the public is? >> what a question. what a story. >> good evening. i'm alex wagner in for lawrence o'donnell. will the republicans be able to face reality before we go over the fiscal curb? with just 24 days to go, it fell to chris wallace to try to get through to the fox news crowd. >> one side is going to have to give, you know. any bet on which side it's likely to be? >> on that issue, i think that the republicans are going to have to give. i mean, it was key issue in the election. it's unsustainable for boehner and the republicans to be in a position where they are blocking a tax cut for 98% of americans because they want to protect the tax rates of the top 2%. that may be right or wrong on its merits. but politically, it seems pretty clear. and you see more and more conservatives and republican office holders who are caving on that. >> later that morning, house speaker john boehner updated reporters on the
leftism. what you get are massive cuts in defense. and higher taxes. that means the government expands without improving the one thing that works. so you are feeding obese fat man called the government who still isn't doing any good. what they are doing is blackmailing us. president obama is blackmailing saying if you don't do this, if you don't raise taxes on 2%, this is what will happen. >> eric: can i take issue with that? what if we don't go off the fiscal cliff? we are about sequestration later and do the game with the tax hike and spending cuts. we have the same thing? $20 trillion in the hole in four years, 25 trillion in nine years. nothing will change. this place is bankrupt. >> greg: president obama is obsessed with the 2%. like the crazy stalker breaking in david letterman's help. he hates the rich. it is not going to end. in two years we come back and deal with this. >> eric: why don't you want to go off the fiscal cliff? >> bob: a lot of people will get hurt. i don't care if the 2% will get hurt. >> greg: you hate rich people. >> bob: i don't hate them. they're all right.
zimmerman's badly beaten case which indicates his claim of self-defense may not be so farfetched after all. joey jackson on the left. former prosecutor lis wiehl on the right. that picture looks self-defensish to me. it's horrible that he this didn't turn it over. the only thing can i say in the prosecution's defense is maybe they did not have the color photo. >> is this the old days when it took you six months to develop the film. >> i know. the other thing though everybody is calling it a new photo. it's not a new photo. it's the same photo. it's just what they had first in color. and as we know in color is going to be much greater. >> two issues. number one, doesn't it make the self-defense argue. resonate? >> yes. of course it does. >> number two, doesn't it look as if the prosecution attempted to withhold critical exculpatory evidence? >> yes it does. >> joey? >> as for the picture, i think the prosecutor can make the following argument. so what? okay. so what as to what. of course he has bruising. of course his nose looks like it's broken. of course there is blood. what does that tel
cuts and tax increases but spending cuts particularly in defense. they don't want that. >> explain why what they agree on -- namely that the middle class, 98% of all taxpayers, that their taxes will stay the same, they will not go up. if everyone agrees at least on that, the president says, go ahead and pass that. why not just eliminate the 98% who won't have any changes, those making under $250,000? why not allow that to go forward? why are the republicans resisting on that. >> it could wind up there, wolf. but if the republicans lose that, they believe they kind of lose the leverage that they have. if they sort of give on that, then where's their leverage with the white house? so i think that in the end, wolf, if i had to bet -- and i don't like to bet on these things because they always disappoint -- but i would have to say that the one thing they are all likely to do at some point is to make sure the taxes do not go up on the middle class. but in order to do that, republicans want to get some concessions for that. it seems very easy to do that. democrats have done it in the past. a
on same-sex marriage. hearing cases on the defense of marriage act and california's proposition 8. much more on that in a moment, and the busy week ends with some good news for america's workers and the president. a little christmas cheer some early. the u.s. economy generating a stronger than expected 146,000 new jobs in november helping trim the jobless rate to 7.7%. a four-year low. happy holidays, right? not if you're john boehner. >> this isn't a progress report because there is no progress to report. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> yes, indeed, it's like a visit from the ghost of christmas past, casual friday edition. another positive month of jobs numbers, another glum assessment by bah humbug boehner. he couldn't even be bothered to put on a holiday tie to take up the case of mr. scrooge and the top 2%. as nancy pelosi asked, why, oh, why is congress on another recess when they could be extending tax breaks for the middle class just in time for christmas? >> this is a moment of truth, the clock is
, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on every
the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. sven gets great rewards for his small business! how does this thing work? oh, i ke it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them ony spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose uimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a
straight ahead. >> i'm ready for bullishness! >> she's feisty. >>> the defense sector is in the line of fire for billions of cuts. we'll talk to the ceo of one company how he's preparing for a falloff later in the "closing bell." [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. >>> welcome back. technology a bright spot, thanks largely to a move in dell. >> that's right. a rare bright spot in tech today. dell shares outperforming goldman sachs, upgrading two notches from sell to buy, net cash levels provide an opportunity for leveraged buyout. take a look at rese
legal defense association rallied parents claiming the treaty was a threat to home schooling in the united states. again, just claims, no actual facts. here's democratic senator chris kunz of delaware on that last home school threat. >> they have succeeded in scaring the parents who home school their children all over this country. my own office has gotten dozens of calls and letters demanding that i vote against this convention. as a matter of international law and as a matter of u.s. law, this convention does nothing. does nothing. to change the home schooling of children in america. >> he gave that speech on the senate floor just before the vote. senator mike lee of utah was one of the 38 republicans who voted against the u.n. treaty. he agreed to talk to us tonight. he's a constitutional lawyer, was a law clerk for supreme court justice alito. we spoke a short time ago. senator, you've said this treaty will somehow change u.s. law or could change u.s. law. former republican attorney general dick thornburg, who helped negotiate this treaty on behalf of president george bus
in self defense. >>> republicans took the bait. they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the t
like it. i already own it. you see how much i like it because i own it. that was the primary defense. you haven't seen a great many big prosecutions in this area. interestingly enough, one of the areas that they did, oh, about 25 years ago, prosecute some folks on was running a options portfolio. they marked the stock up to make the options more attractive so they got a bigger bonus from their firm. >> they closed the stock on the strike too, right, art? >> absolutely. >> the options owners wouldn't make any money. >> that's right. >> are you expecting, ron, that we're going to see various sort of techniques at year end to make the portfolios look better? >> i think now that this has become so public with "the wall street journal" article, it focuses on the movement of very thinly traded stocks. one thing to watch out for is they don't invest in this microcap world that is so easily pushed around. they were talking about one stock in the article that had a market value of $36 million. any individual can move a stock with that kind of market cap. you want to stay away from funds that
defense capabilities have been reduced with massive cuts in the defense budget, and perhaps more on the way. we've seen a president who is very comfortable with american decline, who seems to think that the united states is part of the problem, who thinks that a strong, assertive america with a major place in the world is part of the problem and is happy to have our influence recede. i think the vice-president's emphasis on our lack of credibility is quite significant when you hear administration spokes people talking about syria and tell assad there will be consequences if he use chemical weapons. what do they mine, indicting him in the international criminal court? that's their idea of serious consequences. it's no wonder that neither assad nor other dictators pay attention to us. >> greta: it's a real immediate risk that something will happen to those chemical weapons with the president of syria, and if something does happen, it will be a minute before tens of thousands of people will be dead. i'm curious. what would you -- number one, with 20/20 hindsight, what would you have
that is are aware, are very quick to point out that at this point they have absolutely no defense whatsoever against that type of weaponry. ever since this conflict began, the civilian population has been incapable of protecting itself against bullets and bombs. there most certainly is no defense whatsoever should the regime decide to deploy chemical weapons. >> are they afraid of that possibility? do they talk about that, the possibility of their own government turning on them like that and unleashing these type of weapons? >> they most certainly do, suzanne. especially obviously the conversation amongst those that are aware of it. they do feel that this is a regime that has absolutely no mercy whatsoever, and the greater the tranglehold on regime forces grows, the greater the likelihood that the assad government could, in fact, choose to take this kind of drastic measure against its own population. people have no doubt in their minds about the lengths to which this government -- the assad government will go to stay in power. one rebel commander, we were speaking to yesterday, was saying if you loo
and remains in jail. he claims he pulled his gun and opened fire out of self-defense. >>> up to speed on the day's other headlines. protests in cairo over the young democracy's in constitution. supporters of president mohamed morsi packed the streets near cairo university as morsi sets a date for a vote on the new constitution. morsi's critics say the constitution was rushed through and paves the way for islamic law. >>> mexico has a new president, enrique pena nieto took the oath of office before the country's congress. his inauguration returned the institutional revolutionary party to power 12 years after being turned out of office. that doesn't sit well with mexicans who accuse it of buying the election. hundreds clashed with police outside congress. >>> north korea is going to try again. they want to take another stab at sending a rocket into space. this time, to place a satellite into orbit. this is all coming from north korea state run media. the rocket will be similar to this one. the planned launch, the window is between december 10th and 22nd. u.s. state department is not hap
weapons are the red line on syria. i also want to play something that defense secretary leon panetta had to say in reaction to the reports about the preparation of chemical weapons. let play that and talk about what diplomatic options are left. >> the president of the united states made very clear that there will be consequences. there will be conconsequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. i'm not going to speculate or comment on what those potential consequences would be. >> well, the obvious question is, ambassador, what could those potential consequences be? what are our options that remain? >> well, first that is a direct warning by the united states government what you just heard, to the syrian government. so that is now on record. obviously it depends how this unfolds. there's no inev viability that e syrian government will choose to use chemical wellens, if they do, there will be pressure on the united states, turkey, collection of coalition of countries intervene to stop the use of chemical weapons. if, chris, in
against potential disaster. we see the vix very low. they're not taking the type of defensive, decisive action. if we get a downgrade and if this happens, it will be terrible for the market. that's what's potentially on the market, if we don't make a deal in washington. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is actually constructive from the standpoint it causes people to come together and compromise because going over the cliff while we may do it for a short time period is not beneficial to anybody. it hurts everybody. >> so risk assets being, what, technology? what does that mean, technology? >> not necessarily. we would stay with dividend payers. we w
the announcement about that today. there are no fewer than ten cases arising from the federal defense marriage act. california's proposition 8. they made their way to the high court's doorstep. at least one -- at least one, is kind of likely to get on the docket. sooner rather than later. while we wait, the best person to talk about that is cnn's senior legal analyst jeffrey toobin who literally wrote the book, or a couple of them, on the supreme court. i was talking to you last friday. i was talking to you monday. you are back for another friday. are they going to make me wait again for another day? are or are we going to get something today? >> those that know don't tell and those that tell don't know. that's the rule with the supreme court. it seems likely we will hear if not today then very soon. also, we should hear that they are going to take the case. remember, two federal appeals courts have now declared the -- >> when you say the case -- >> the defense of marriage act. proposition 8 is a very separate matter. when a federal appeals court declares an act of congress unconstitutional the su
of the redskins' offense against the defense to find out just how much they know about the upcoming opponent. great idea, fun interviews. this sunday it's the battle of the beltways, so the focus is on baltimore. here's fox 5's lindsay murphy. >> this is the 4 down showdown presented by your local nissan dealers. >> reporter: welcome to another edition of the 4 down showdown, reed doughty representing the defense up by three in this game. even if you lose, defense is still doing well, but i've got confidence in you. >> that's not bad. he's from baltimore. i see what you're trying to do. you're trying to even the score. >> reporter: chris chester from the offensive line representing the o. you used to play with the ravens, so you think you'll do well? >> it's been a while. i think i still remember a thing or two. >> reporter: 1st down and this is such a cake question. what is the largest city in maryland? >> baltimore. >> baltimore. >> >> reporter: i'm going to give that to reed. you didn't think you were going to get any. i was getting you warmed up. 2nd down, there are three downtown ar
of plotting to destroy his country. bill: . the government moving defense missiles to turkey. it will be defensive posture only. the western alliance is set to okay those weapons. the patriot missiles not expected to arrive in turkey until next month. martha: let's go to egypt which is also very volatile at the moment. the presidential palace is looking like an armed palace. they stationed tanks after a night of deadly protests. the estimate is five people lost their lives. it's the violence in the two weeks we watched the protests that led over a mob made it way over to the presidential balance has. we saw the live scenes with steve harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly u
defense secretary leon panetta says the most recent intelligence raises, his words, serious concerns. >> the whole world is watching. the whole world is watching very closely and the president of the united states has made very clear that there will be consequences, there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. >> earlier today, leon panetta. we'll have a report from the pentagon on syria in a moment. >>> first, shock waves in washington. a powerful republican senator suddenly calling it quits. south carolina senator jim demint will step down december 31st to lead the heritage foundation. it's a powerful conservative think tank in washington. demint says he can be more effective outside the senate. >> a lot of my role in the senate has been stopping bad things and saying no to bad things. but we need to do more than that and tell americans what we're for. one of the mistakes i think the republican party made the last two years is trying to make obama the issue without sharing with america bold reform ideas
of zimmerman until they were really frauded and pushed by the defense is unconscionable, bore derg on capitol hill violation by the prosecutor. i think george zimmerman is going to walk as a result. >> laura: i agree. that photo that was finally released is devastating. thanks so much. >> okay, laura. >> laura: plenty more ahead as the factor moves along this evening. high times in washington state where smoking pot is now legal. but one problem is still against the law of the land. so what will the feds do? we're going to have a report. and the supreme court decides to take up two gay marriage cases so how will those come down? we hope you stay tuned for all those reports. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is stro
a little over three weeks. those increases coupled with spending cuts in vital programs including defense, health care and housing assistance are being called the fiscal cliff. the only way to i void it is for president obama and congress to make a deal, cutting spending and raising revenue. adding to the sense of urgency. news that 350,000 people simply gave up looking for work in the month of november. and while that drove the unemployment rate down to 7.7%, the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. let's go to dana joining us from capitol hill. the latest negotiations don't seem to be going anywhere. >> they sure don't. the house speaker ended the week by calling it a wasted week. he only had one phone call with the president of the united states and he said it was just, "more of the same." now counter offer to what the republicans put out during the week which was $800 billion in new tax revenue. so there's certainly a lot of frustration. particularly right now on the side
cuts and entitlements or at least reform there. hasn't heard as much from defense. you are from a state that relies on that defense budget. it will get cut substantially. where does defense end up if we do get a deal? >> everybody wants to avoid sequestration. lots of my friends in the defense industry say don't do sequestration. do simpson-bowles indicating they have not read simpson-bowles because it was almost as high as sequestration in the top number. the numbers are roughly within the budget control act over ten years about $480 billion of defense cuts. sequestration almost doubles that. i think you'll see something north of 480 billion. substantially lower than that 950. what folks in defense industry have said is in addition to giving us a number, give us the ability to plan. one of the things that hobbles our defense industry more than anything is the absurd way we have run the federal government on three and six-month continuing resolutions. give us a window to plan and any legitimate business can plan against the budget. give us that number. >> some see that debt limit contro
a problem? yeah, short recession, but we get defense cuts which republicans would never agree to otherwise, there are human service cut which is we won't like, but the least possible damage. and it's a serious down payment on the deficit. the wall street people ringing their hands are really full of it. i'm not sure what. but full of something because they're going to see a big drop on wall street but it will come roaring back because somebody has done something. so you have him and all their friends and the right and all their friends and the president who i don't think if he can ever get out of campaign mode. it's a full on campaign again. putting one party into -- >> you're right, the amt will hit more people in the middle class and raise their effective tax rate to a higher rate than they were today. and you won't -- >> you have obamacare 4% on everyone, too. >> if you lieu numerically, it doesn't make sense if one side says we're not going to race taxes on the middle class -- >> although republicans would probably bear the brunt of the blame for what would happen if we go over the fis
. >> defensive lineman josh brent been charged with intoxication manslaughter after an accident that killed his teammate, jerry brown. officers say it appears brent's vehicle was going at a high rate of speed when it hit a curve, causing it to overturn. the accident happened around 2:20 a.m., a few hours before brent was supposed to be on a team flight to cincinnati. >> we have two different groups of investigators working together but it takes time to retrace where they were, how long they were there, people that may have seen them beforehand. >> investigators say jerry brown was a passenger in the vehicle and was pronounced dead at the hospital. the 25-year-old signed to the cowboys in october. cowboys owner jerry jones released a statement saying the team is deeply saddened by the accident and brown's death. josh brent was arrested and pleaded guilty to d.u.i. charges in 2009. >> we are getting a better picture of what happened the morning kansas city chiefs linebacker jovan belcher shot and killed his girlfriend, then himself. missouri police released dash cam video from their police car sh
this is that there would never be a deal. if there was never a deal and we had arbitrary defense cuts and restructuring of our taxes, that would -- >> for a while. >> exactly. but if it's two or three weeks that the republicans want to do for the sake of their own drama and own inability to make of their minds, i think we can handle it. >> i think it will be less than three weeks. i think it will be in the order of seven days maximum. krystal ball, thank you both. >> thanks, lawrence. >>> coming up, hillary clinton is running for president, so says an article posted online today at the new yorker. >>> and mitt romney is not enjoying private life according to a washington post report that says mr. and mrs. romney are having a hard time adjusting to losing the election. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and
know -- >> -- you never cover self-defense cases that happen all over this country, too, and were in the newspaper. i have a stack of them right next to me here. those never get on your show. you only talk about the people who misuse the guns and never about the people like the 79-year-old grandmother in houston or the young mother in oklahoma who defended her 3 month old baby from intruders coming into her house. there is a good side and a bad side to guns and you focus only on the bad side. >> well, no, i don't, because statistically as you well know, the prevalence of gun incidents when people have guns in the home in a domestic sense where they go off accidentally or they take them against their partners or whatever it may be, is dramatically increased if you have guns in the property. obviously. >> that's not true for normal people. that is true for -- >> you made your point. let's go to josh horowitz to respond. >> well, i think one of the things that's very clear is that guns in the home increase the risk of both suicide and homicide. we know that's very clear. we know that
, military response? "outfront" tonight, peter brooks, former deputy assistant secretary of defense under the bush administration, and colonel cedrick layton, former member of the joint staff. good to see both of you. colonel layton, let me start with you. if the united states were to get involved at this point, what would a serious u.s. military intervention in syria look like? >> it would probably, erin, start out with a no fly zone type operation, similar to what we had during operation southern watch, which -- and northern watch, which basically governed the skies over those parts of iraq after the first gulf war. that would be the first step. however, in order to secure things like chemical weapons, you would definitely have to look at using ground troops. it may not be u.s. ground troops, but the possibilities certainly exist that they might be used. >> of ground troops which i think is the key words for all viewers out there. ground troops is a very different sort of concept than what many people thought about what would happen in syria. and peter, i guess it comes down to this, ab
and principlely those cuts in defense will be very, very onerous according to the pentagon and everybody else. do you think that this is a feint or what they need to do just because it takes a while to get these things in order? >> well, you know, i'll leave it to them to decide whether it's a feint but it's dangerous. the defense cuts are devastating, they shouldn't happen, and by the way, they'll be a domestic cuts of comparable quality. actually that's really the republican leverage in the debate, not the tax issue but the spending cuts if we dealt with the tax cuts for 98%, spending cuts would still be there, still have the leverage we need. but look, probably the white house is being prudent. but this is serious. there's a strong disagreement but in the end the two sides have been able to negotiate in the past, speaker boehner's very good negotiator, negotiating the extension of the bush tax cuts two years ago, budget deal in 2011, debt ceiling deal in august of 2011, all those things have led to prosperity or -- faster growth and less spending. i think we should continue to work with him. l
of a good deal from their standpoint, does it? >> well, i think one of the reasons that they're on defense is the fact that the president is willing to take this fight outside the beltway. inside the beltway, there's a whole fuzzy logic that starts to apply, where you lose track of what it means to be in the ?h@&% middle class and how serious the economic situation is. and i think as the president continues to make that case about basic economic fairness, one that nearly two-thirds of voters in this election felt that some form of raising revenues on the highest rates made sense in order to get our fiscal house in order and make investments, and the republicans are trying to dig in on the wrong side of that. so it is a tough debate. but ultimately, this shouldn't really be about who's in leadership and boehner versus kantor. this really should be about families out across the country. and you and i know, those families are still struggling and would like to see a little bit of common sense. >> well, they've made a lot of improvement. no question about that. our economy is a lot better. we
charged in his death. we'll hear from that player, coming up. >> we're seeing what defenses are doing to us and we're able to exploit those holes when we can. >> and it is game day. the skins are riding a three-game winning streak and they will have their hands full when they take on the ravens in the battle of the beltways. >>> good morning. welcome to fox 5 morning news. while it is an historic day for same-sex couples in washington state, there is also a battle over the legalization of pot on the horizon and we'll find out what business owners are doing to cash in on the new law. >>> but first, a live look at fedex field. a dreary start to the morning. lots of people out there already, getting ready for the crowds. will it clear up in time for the game? gwen tolbert, what will the weather be like for the afternoon? >> we've got the clouds going and we've got the rain and it's really not going to be too much of a change. the seats are definitely going to be wet out there. be prepared, everybody. let's take a look at radar. we've got a fair amount of rainfall moving in acrossea. we'v
] >> stephanie: threatening the stability of the netherland's sea defenses, a group of experts known as -- >> dikes. >> stephanie: i think they try not to put the same word in the same sentence. in a sentence where they use beaver they use sea defenses. clearly, they are beaver experts like jim. >> dikes. >> stephanie: the mammal society has put together other wildlife groups to protection the water-blocking dikes. from the small but potentially destructive semi aquatic rodents. where they use dikes they're not going to say beaver. >> clever how they did that. >> infer something. >> who put some thought into this? >> stephanie: they're like stop it. >> stop it! >> stephanie: don't put that in the same sentence. >> ann: stop it. >> stephanie: there are is still a lot of unintentional hilarity. there have been no beaver sightings into the capital of amsterdam. you can get a lot of things in amsterdam. surprising you can't get beaver. you can get a block of hash -- >> the size of your face. >> stephanie: beave
will hear cases that challenge the federal defense of marriage act or california's proposition 8, which defines marriage as strictly between a man and a woman. >>> an evacuation order remains in effect this morning in louisiana as authorities rush to secure more than 6 million pounds of improperly stored gunpowder. the m6 powder was found on property leased by explo systems. an operation is underway to move that powder to underground storage facilities on the site. so far 1 million pounds has been safely stored, enough to fill 27 18-wheelers. >> a member of the coast guard is dead. he was one of two coast guard members thrown off a boat on impact, and suffered a head injury. the coast guard says the suspicious vessel was intercepted, and two poeople wee detained. >>> nine bodies have been found in a collapsed tunnel in japan. they're not saying whether there might be more victims under the rubble. >>> if army private bradley manning, charged in the largest leak of classified material in history faces trial it will be in march. it was pushed back a month because of pre-trial motions. man
you to go in and take up the air defense system and air to air combat capabilities so it would require aggressive military action but i think that this is serious enough to warrant that the president's father leveled the city of hama in 1982 and used cyanide gas even then. any idea of when this can be expected? >> reports are vague and of course intelligence reports always are it could mean anything from that they're sending out a warning whether they are about to do it but it certainly is a serious escalation of violence. i think that probably would be the best solution to the problem that opportunity was operantoffered to moammar gadhafi's who exactly would take him i am not sure getting him out of the region may be a solution and of course the huge worry is what comes next revolutions have a bad habit of beating their young. >> coming up how australian prankster's got kate middleton is private nurse on the phone. the astro guy had a hard time leaving houston but the baseball guy says again this is the place to be. meet the new man in the cubs' both later in sports. this holiday,
and then next year? >> for the next month, i have defensively positioned. what's worked in an environment where the fed is monetizing debt is stocks with bond like characteristics. it looks most like the bond market so that's what we're in. >> defensive stocks? >> yeah. utilities, health care and there is a portion of the market we would like to buy. the capital spending sensitive part, which has been the weakest bit. enterprise tack and industrial. but only on a correction that forces the politicians into what we describe as a good deal. >> so you don't do any of that now? >> no. for me, the market is in the wrong place given the massive deceleration and earnings we've seen and it's unlikely to change very much next year. and so this persistent fed making it more and more difficult to manage fixed income portfolios is probably going to affect that part of the stock market and keep a bid to it. but the more cyclical parts, i don't see them getting out of their own way for some time. >> did you already tell us you like small caps? >> wall street is now recommending the lowest equity allocation i
but others believe we won't get spending cuts that we need. more will take place in defense which many argue does need to happen perhaps though not in the same way it does. we shall see. what's today's date? the fourth now. we're not too far. people say the 18th. we need to at least see something for the 21st. >> they're going on vacation with legislation. is that right? should they be able to take off? >> we should sequester their vacation. >> a great tweet this morning, jim. if you had a big project due at work, would you be going on vacation a week from tomorrow? >> let's say our bosses said we need you to finish this by year end. pal, man, i got a trip to st. bartz. what would they say? they would say stay down there. i don't like one of the defensive line guys that gets fired by the eagles. does he get to fly back from texas? we would fire these guys where they are, when they are on vacation. no. they get to take vacation without finishing their project. >> a couple good poll numbers out today. abc/"the washington post" if we went off people would blame gop by two to one margin and then
it is a right to make sure that we have secured and defensible borders, especially in light of all of the animosity and the hatred that the palestinians and other extremists say in the islamic world are throwing at us. but, let me tell you one thing, deborah, is israel has always been ready for a compromise for peace, for concessions and wherever we build, it's in areas that for certain will stay in any future agreement within israeli territories. >> when you call this strategic, effectively the settlements that would strategically ramallah from jerusalem, this would sort of impede any sort of two states, wouldn't they? >>s no necessarily, deborah. you have to see, they're claiming, the palestinians, the west bank and gaza. there's no security whatsoever between gaza and the west bank, they're talking maybe about some kind of passages so things can be addressed to this issue of continuity and certainly this is not any impediment to peace and negotiations. the real impediment is the lack of understanding by the palestinians that they also have to compromise. >> the palestinian autho
up for secretary of state, putting john kerry up for defense? that's an easy nomination to make. you know, raising -- >> boy, would that be a bad idea. >> -- raising the contention level. they don't like susan rice. they don't like our tax proposals. they don't like our budget compromises. they're against everything. >> well, politically, it would be a tough pill for the gop. i mean, they'd be slammed on a number of fronts, you know. you've got the optics of the party going against a susan rice and all that the crazy, you know, conversation around her has led to. you'd have, then, the serious conversation on the budget and again the party of no mantra would begin to surface or resurface. so i think as a political play, yeah. the president could go all in and put all of that on the table. but i think the seignanesaner h would prevail. they don't want to complicate this too much. they don't want to make it much more difficult for them to get the bargain on both fronts. they would like to have their rice and their cake. and the fact -- the fact of the matter is that the president is goi
reporter joe carter is here to talk about all of this. what did he say in his own defense? >> i found several fire bob costas facebook pages with lots of likes. he went on the shows yesterday morning and defended himself and said that he did admit he made a mistake, that he used wrong forum to take on such a heavy-handed topic, that he should have listened to his own rule which is when you take on a topic as politically charged as gun control, leave yourself enough time to fully flush out that topic. and as we know in television, you only have so much time to talk about a certain topic. he had only about 90 seconds to discuss that topic. he broke his own broadcasting rule in taking on that topic in that forum. he also said he doesn't disagree with the second amendment, he believes people should have the right to bear arms but he believes we should change the gun culture in your country, like grabbing your keys, grabbing your wallet, grabbing your gun before you leave the house is how the culture needs to change. and the amount of people who want him to be fired for what he said sunday
you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces cter a car crash that killed one of his teammates? that's straight ahead. >> it's really unfortunate that that happened, making an everyday decision that can affect everything everybody's life. >> i am sure it will be difficult to move on. but i am sure they will bounce back and be able to come around. s my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> jamie: another sad story out of the,r of the nfl. a member of the dallas cowboys is facing manslaughter. josh brent was allegedly drunk and speeding during a car accident saturday morning that led to the death of his passenger and teammate jerry brown. casey stegele is live in arlington, texas. casey? >> reporter: yeah, today, josh brant is expected to bond out of jail. he has a bond hearing set later this morning. police believe that he was driving drunk, late friday night, early saturday
be at risk if we go over the fiscal cliff. i can tell you that all of the defense contractors very nervous about what they're seeing in washington right now. >> put down the cell phone and the breakfast brooit burrito. huron, south dakota has approved one of the toughest bans on distracted driving in the country that includes, listen to this, a ban on eating while you are driving. if anyone is caught texting and driving, they will be fined $100. you can get a ticket if you're eating lunch, reading the paper or putting on your make-up in the mirror. i'm in trouble. make-up and eating. >> head to our blog, cnn.com/early start for the top stories. we're right back. with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark busi
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